New Britain Palm Oil Acquisition Comes Closer

18 Feb 2015 --- New Britain Palm Oil Limited, one of the world's largest fully integrated producers of sustainable palm oil, provides the following update regarding the cash offer by Sime Darby Plantation Sdn for all the issued and to be issued shares in NBPOL at a price of GBP 7.15 or PGK 28.79 per share.

Sime Darby Plantation today declared its offer for New Britain Palm Oil to be free from all of the conditions specified in Section 12.1 of the Offer Document dated 23 October 2014 (as amended) and confirmed that the offer is now unconditional.

The Offer will remain open until 5.00 p.m. on 23 February 2015 (PNG time) for acceptances received within Papua New Guinea or 1.00 p.m. (UK time) on 23 February 2015 for acceptances received within the UK. The Offer consideration will be settled by 2 March 2015.
 
A full copy of the Bursa Malaysia announcement by Sime Darby Berhad (Sime Darby Plantation’s ultimate parent company) can be downloaded atwww.bursamalaysia.com.
 
The Company will continue to update its shareholders of any further material developments in connection with the Offer.